Rogers Memorial Hospital Inc.
Oconomowoc, Waukesha County, WI
· CCN 524018
Licensed to Rogers Memorial Hospital Incorporated
Composite
37.3
rank score
Distress
10
FY2023
Fit
82
vs thesis
Estimated ticket
$62.4M–$250M
227 beds ·
within envelope
Ownership
nonprofit
PH
Why it ranks here
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $201M |
| Operating margin | 19.8% |
| Total margin | 6.7% |
| Days cash on hand | 291 |
| Current ratio | 2.92 |
| Occupancy | 72% |
Facility
| Beds | 227 |
| Facility type | PH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $275K |
| Per-bed (high) | $1.1M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 201 | $207M | $71.6M | 31.0% | 20.1% | 384 | 3.07 | 88% | 9,615 | 0 |
| 2022 | 201 | $201M | $15.6M | 25.2% | 4.7% | 267 | 2.62 | 82% | 8,909 | 0 |
| 2023 | 227 | $201M | $25.1M | 19.8% | 6.7% | 291 | 2.92 | 72% | 8,919 | 10 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Rogers Behavioral Health System Inc | 5% or greater direct ownership interest | 100 | 1970-09 | |
| Calvin Schmidt | corporate director | 2023-09 | ||
| Charles Trippe | corporate director | 2025-01 | ||
| Christy Kaufman | corporate director | 2023-09 | ||
| Colleen Kelly | corporate officer | 2022-11 | ||
| Colleen Kelly | w-2 managing employee | 2022-11 | ||
| Cynthia Myer | corporate officer | 2023-06 | ||
| Cynthia Myer | w-2 managing employee | 2023-06 | ||
| Jerry Halverson | corporate director | 2016-09 | ||
| Jill Didier | corporate director | 2025-01 | ||
| John Kim | corporate director | 2025-01 | ||
| Kamilah Williams-Kemp | corporate director | 2019-09 | ||
| Karl Gouverneur | corporate director | 2024-01 | ||
| Kenneth Bastin | corporate director | 2024-01 | ||
| Khazi Muqeet | corporate director | 2024-01 | ||
| Khazi Muqeet | w-2 managing employee | 2010-02 | ||
| Robert Olson | corporate director | 2019-09 | ||
| Sandie Ferrigno | corporate director | 2025-01 | ||
| Steve Hertig | w-2 managing employee | 2022-11 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.